Lower Fosters Zone Drilling Intersects 29.0 m of 1.86 g/t Gold, Brewery Creek Project, Yukon
Vancouver, Canada— October 4, 2012: Golden Predator Corp. (TSX:GPD) (the “Company”) is pleased to announce results from an additional 17 drill holes recently completed on the Lower Fosters Zone at its flagship Brewery Creek Project. These results have confirmed grade and continuity of this near surface deposit. The Fosters Zone, located within the existing permit area, is currently under consideration to be one of the first deposits mined.
Highlights of the Company’s Fosters Zone drilling include:
RC12-2466 with 21.3 m of 1.29 g/t gold from a depth of 18.3 m including 4.6 m of 3.09 g/t gold;
RC12-2469 with 21.3 m of 1.13 g/t gold from a depth of 3.1 m;
RC12-2471 with 29.0 m of 1.86 g/t gold from a depth of 12.2 m; and
RC12-2474 with 12.2 m of 2.05 g/t gold from a depth of 24.4 m including 3.1 m of 5.38 g/t gold.
Fosters Zone, Brewery Creek
The Fosters Zone lies approximately 3.5 km from the existing heap leach pad and was originally targeted for production by the previous operator, Viceroy Minerals Corporation, but was left un-mined when operations were suspended in 2002, primarily due to low gold prices.
Most of the known mineralization in the Fosters Zone is hosted by a large sill complex, which also
extends through the previously mined Canadian Zone. The sill complex extends at least 1.2 km along strike and has a down dip extent of at least 500 m, and remains open to expansion to the east.
Golden Predator press continues at the link below.
Source: Golden Predator Corp.
Disclosure: Golden Predator is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team are actively accumulating and hold long positions in GPD.T or GPRXF.